Gordon Pape: If you think 2022 was rough on investors, the new year may be worse


Source: theglobeandmail.com theglobeandmail.com

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If you were glad to see 2022 in the rear-view mirror, I have some distressing news for you. By the time we close the books on 2023, you may be feeling nostalgic for the year just ended. The most pain in 2022 was felt by those with a heavy technology weighting. The Nasdaq Composite was down 31.1 per cent, making it the worst-performing major North American index. By comparison, the TSX fared relatively well, with a loss of 8.7 per cent. As for bonds, the less said the better. The FTSE Canadian Universe Bond Index ended the year with an...